After the conclusion of the legal dispute between Ripple and the SEC, several issuers updated their applications for XRP ETFs, potentially increasing their approval chances.
Update on XRP ETF Filings
Seven major asset managers, including Bitwise, Canary, Coinshares, Franklin Templeton, Grayscale, WisdomTree, and 21Shares, have updated their applications for a spot XRP exchange-traded fund. This development occurred on August 22, 2025, coinciding with the final dismissal of the long-standing case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
Analyst Opinions and Expectations
Bloomberg analysts view the amended filings as a positive sign, estimating a 95% chance of ETF approval by October. They also note that feedback from the SEC may have influenced these updates. Analyst James Seyffart described this issuer activity as a good sign for the approval process.
Current Situation in the XRP Market
The XRP market is seeing significant activity, with the current price of XRP at $3.017 despite minor declines. Approval of the ETF is expected to significantly impact XRP's market capitalization, similar to previous trends observed with Bitcoin and Ethereum. Market reactions are also supported by liquidity and increasing institutional investor interest.
The updates to XRP ETF filings and the conclusion of the Ripple case with the SEC create a positive atmosphere for future market changes. The anticipation of ETF approval could lead to significant investments in XRP.
